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  1. Hand work pays off to Goran Bucan biggest hit in 2021

    Goran Bucan brokers Vancouvers biggest commercial deal of 2021 Connie AdairREM Goran Bucan of Sutton Group Vancouver brokered the single largest commercial transaction in the Metro Vancouver area in 2021. Bucan, the self-described middleman and the only broker involved in the deal, brought together property owner QuadReal Property Group and Keltic Canada Development, which purchased […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-01-2022
    Real Estate Related

  2. 48 percent annual inflation was released by statistic Canada in December

    Inflation hits 30-year high in Canada Fergal McAlindenother The news could influence the Bank of Canada’s decision on its benchmark rate next week  Consumer price inflation in Canada hit its highest level since 1991 last month, with that milestone arriving a week before the Bank of Canada is due to make its first policy rate […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-01-2022
    Real Estate Related

  3. Canadian housing starts down in December but remains at very high levels

    Canada housing starts CMHC reveals latest figures Fergal McAlindenother Only one of Canada’s hottest markets posted growth in total SAAR starts  Canadian housing starts were down in December, according to the Canada Mortgage and Housing Corporation (CMHC), with a seasonally adjusted annual rate (SAAR) decline in single-detached and multi-family starts in urban areas driving the […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    18-01-2022
    Real Estate Related

  4. Supply shortages have become a critical issue for the Canadian housing market

    Housing affordability likely to get worse before it gets better as listings hit all-time low Stephanie HughesThe Vancouver Sun ‘There are currently fewer properties listed for sale in Canada than at any point on record’  The number of newly listed properties fell about three per cent from November to December. Photo by National Post Canadian […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    16-01-2022
    Real Estate Related

  5. 0.4-acre industrial building sells for $10.6 Million located in 1250 East Pender Street Vancouver

    East Vancouver 0.4-acre industrial site trades for $10.6 million Macdonald CommercialWestern Investor The East Pender Street property includes a vacant 16,368-square-foot industrial building. Property type: Industrial Location: 1250 East Pender Street, Vancouver Size of building: 16,368 square feet Size of land: 19,506 square feet Land size in acre: 0.448 acres List price: $10.9 million Sale […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-01-2022
    Real Estate Related

  6. 39,175 square feet multi family development sells for $12 million

    Surrey 0.8-acre land assembly sells for nearly three times assessment Re/Max 2000 RealtyWestern Investor Five-lots assembled in Guildford area with potential for high-density residential development sold for $12 million. Property type: Land assembly Location: 14076,14066,14056,14046 and 14036 103A Avenue, Surrey, B.C. Number of lots: 5 Land size: 39,175 square feet Land size in acres: 0.899 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-01-2022
    Real Estate Related

  7. Multi-year Struggle for essentials and 22 months pandemic

    Calgary downtown office space hits new vacancy milestone Josh AldrichThe Vancouver Sun It is the first time in 30 years of reporting by CBRE that a major Canadian metropolitan centre has hit the troubling milestone, now sitting at 33.2 per cent A cyclist crosses the Centre Street Bridge with downtown Calgary office towers as a […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    12-01-2022
    Real Estate Related

  8. 34 Storey tower in downtown Kelowna hopes to begin construction by mid 2022 | UBCO

    Three-tower complex pitched for downtown Kelowna Wayne MooreWestern Investor Mission Group and the University of British Columbia Okanagan present proposals for a massive mixed-use complex that still requires city approvals Mission Group and the University of British Columbia Okanagan present proposals for a massive mixed-use complex that still requires city approvals Kelowna’s Mission Group has […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-01-2022
    Real Estate Related

  9. Victoria survey online for 2022 budget engagement 41% identified as renters

    Victoria councillor floats idea of tying rent increases to property tax hikes Roxanne Egan-ElliottThe Vancouver Sun David Hutniak, CEO of LandlordBC, said the proposal sounds “a little complicated,” but he’d like to see the city pursue the idea, because property taxes are one of the main factors driving costs for landlords. Photo by Getty Images […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-01-2022
    Real Estate Related

  10. High end real estate has been buoyed by the same pandemic leading to Canadas hottest market

    Sales surge 240 percent in Canada’s hottest market Ari Altstedterother Transactions include the highest-price ever paid in the area Even the ultra-wealthy are finding they’re not immune to Canada’s housing shortage, and nowhere is that truer than in the country’s most expensive major market, Vancouver. Luxury real estate in the city broke local records last […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    11-01-2022
    Real Estate Related

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